Selling

Market Update: The Impact of COVID-19 on Pittsburgh’s Real Estate Market

Market Update: The Impact of COVID-19 on Pittsburgh’s Real Estate Market

When we all started to quarantine in March to avoid COVID-19, we expected the real estate market to take an enormous hit. We predicted the housing market would freeze up because people were going to stop looking for new homes—especially as their personal finances grew uncertain. Our prediction was wrong. Instead, the Pittsburgh real estate market has grown rapidly through COVID-19.

Home Inspection Checklist: 10 Line Items Your Inspector Will Look For (And What You Should Do As the Buyer or Seller)

Home Inspection Checklist: 10 Line Items Your Inspector Will Look For (And What You Should Do As the Buyer or Seller)

No matter which side of the sale we’re on-- representing the buyer or the seller, there is always a nervous anticipation when it comes to the inspection. As a buyer, the inspection is a reality check that is a bit like jumping from the “first date” to the “tenth date,” and you may learn some details about the house that leave you a bit uncomfortable. If you’re the seller, a long list of problems could kill your sale or directly cut into your home’s value. You may have initially listed your cozy Cape Cod for $200,000, but a serious foundational issue could torpedo the sale—or cost you an extra $10,000 (5% of your sale price!). As the buyer, an inspection that comes back with a series of issues could work in your favor since you can use them to negotiate a lower price or have the seller fix them before you move in—or it could completely turn you away.

Pittsburgh Home Sellers During Quarantine: What to Think About Now

Pittsburgh Home Sellers During Quarantine: What to Think About Now

For the better part of a year, we have been planning our move from Squirrel Hill to Swissvale, which will include selling the house we’ve called “home” for the last four years. We analyzed every variable, made a detailed list of projects to complete, consulted many contractors and lined up the “perfect plan” to list our house between March 15th and May 1st. My dream was “to list the house when the tulips bloom!” We certainly didn’t take a global pandemic into consideration, and we expected to have more time to plan for a “backup plan”!